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Has Gold Topped Out?

The powerful rally in the gold market since the breakout in late 2023 is exactly what the gold bulls were looking for in the early 1980s after gold had peaked out. In those days, there were large conferences for gold investors where 4,000 to 5,000 serious “gold bugs” would tell me they had 30% to 60% of their investment portfolio in gold.


 
 
 

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